Business Specialties
Behringer Harvard Invests in 220-Unit M-F Project in Austin
Acting through the Behringer Harvard Multifamily REIT I, the real estate investment company is ponying up funds as a co-investor in the development of Seven RIO, a 220-unit luxury apartment community in downtown Austin.
Purchase of $865M Portfolio Pushes RHP Properties Upward
RHP Properties is now the nation’s largest privately held owner and operator of manufactured-home communities, thanks to its most recent acquisition, of an $865 million manufactured-housing portfolio.
Program Improvements
Both general and more targeted certification programs have been undergoing updates in recent months. CPE offers details on the updates each program has made.
Will the CMBS Comeback Be Derailed — Again?
There is some confidence now that a sudden evaporation of conduit financing is less likely this time around because the economic recovery appears to have legs.
Millennium Signs 125 KSF Lease, Jumpstarting $630M Boston Project
Millennium Partners has just landed a commitment that paves the way for the commencement of the Millennium Tower/Burnham Building project, the company’s $630 million redevelopment of the former Filene’s Department Store site in downtown Boston.
UNC, Admiral Capital Acquire Atlanta M-F Project
The University of North Carolina Kenan-Flagler Business School’s Real Estate Fund II (KFBS-REFII) has co-invested, along with Admiral Capital Group and Wood Partners, in Brookhaven, a 17-story, 209-unit Class A multi-family building in Atlanta’s Buckhead area.
Atlanta Property Group Acquires 536 KSF Office Campus in Atlanta
Atlanta Property Group, a privately held real estate investment firm, has acquired Northcreek Office Park, a four-building Class A office campus located in Atlanta’s Buckhead/West Paces Ferry corridor, for $72 million from CBRE Global Investors.
L’Oréal, SAP Take 500 KSF of Office Space at NYC’s Hudson Yards
The South Tower at the 13 million-square-foot mixed-use project being developed by Related Cos. and Oxford Properties Group has just reached a total of 80 percent in occupancy commitments with two new lease agreements.
NY Developer Plans Boutique Gay-Friendly Hotel in Boystown
New York-based Parkview Developers LLC plans to open a gay-friendly hotel in the heart of Boystown. The approximately 112-room hotel would be located on the 3300 block of North Halsted Street and would be called Out Chicago, according to Ian Reisner, managing partner of the development firm.